[ April 30, 2026 ]
Making everything more expensive and out of reach for most Americans. They are trying to curb inflation caused by Biden’s insane policies. So Americans are crushed under the boot of inflationary prices coupled with high interest rates.
EVERYTHING was better under Trump.
Fed Resumes Interest Rate Hikes To Highest Level Since 2001
By: William Kessler, Daily Caller, July 26, 2023:
ADVERTISEMENTThe Federal Reserve hiked its benchmark federal funds rate by a quarter of a percentage point on Wednesday after skipping the previous hike, bringing the rate to the highest level since 2001.
The rate hike brings the Fed’s target rate within a range of 5.25% and 5.50%, making this the eleventh hike since March 2022, after temporarily pausing the rate increases in June. Most economists anticipated a quarter-point interest rate hike as a part of the ongoing effort to bring inflation down, bringing the high end of the range to the highest rate since January 2001, according to the Federal Reserve Bank of St. Louis.
“The Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent,” the Federal Reserve press release said. “The Committee will continue to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective.”
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